What is EDD (Enhanced Due Diligence) and Its Role in AML

Introduction As financial crime becomes more sophisticated, organizations must adopt proactive measures to protect themselves and ensure compliance with stringent regulatory requirements. One such measure is Enhanced Due Diligence (EDD), a crucial component of Anti-Money Laundering (AML) strategies. EDD goes beyond standard due diligence, requiring a more in-depth investigation of high-risk clients and transactions to […]